Tax-advantaged account where members set aside pre-tax money to pay for deductibles and co-payments. Used in conjunction with high-deductible health plans.

In the United States, a trust that is created for the purpose of paying the trust account holder's qualified medical expenses and that provides the account holder with certain tax advantages.

A program analogous to an Individual Retirement Account (IRA), permitting tax-preferred savings toward medical expenses. The Health Insurance Portability and Accountability Act of 1996 provided for an experiment of the concept, and some Republicans have proposed its adaptation (via a Medicare Medical Savings Account, or MMSA) to Medicare.

Account with federal tax incentives created for the purpose of paying medical expenses through the Health Insurance Portability and Accountability Act of 1996.

A medical savings account (MSA) is a tax-favored method of paying for unreimbursed medical expenses. Your contributions to a MSA are tax-deductible.

A Medical Savings Account or MSA is a combination of a high deductible health insurance policy and a separate savings account for payment of medical expenses on a tax-free basis. It is limited to self-employed business owners and companies employing from two to 50 employees.

A health insurance option consisting of a high-deductible insurance policy and a tax-advantaged savings account. Individuals pay for their own health care up to the annual deductible by withdrawing from the savings account or paying out of pocket. The insurance policy pays for most or all costs of covered services once the deductible is met. Laws allowing limited demonstrations of MSAs were enacted in 1996 for the general population, and in 1997 for Medicare beneficiaries.

A special kind of account that is eligible for a tax credit when combined with catastrophic care insurance that has high deductibles.

a method of health insurance for self-employed individuals

an individual IRA-like account that can be opened in conjunction with a qualifying employer-sponsored or self-employed health insurance plan

a tax exempt account set up with a financial institution

A tax-deductible custodial account established to pay medical expenses in conjunction with a high-deductible health insurance plan.  An MSA can provide the tax advantages of an individual retirement account (IRA) combined with the medical expense funding options of a flexible spending account.

A health insurance plan for self-employed people containing a large deductible. Money saved in this account grows tax deferred. It can be used for medical care with no penalties, no taxes and may be kept if unused.

A tax-advantaged personal savings account used in conjunction with a high deductible health policy.

A tax-deferred bank or savings account funded by employee salary reduction, employer contributions, or a combination of both along with a low-premium/high-deductible insurance policy, designed for individuals or families in order to fund health care expenses and medical insurance. Allows employees to set aside money on a pretax basis for specific health care expenses that are not reimbursed by the medical plan, including deductibles, copayments, and coinsurance.

An plan that allows an employer or an employee (but not both) to put tax-preferred contributions into an account for the payment of health care deductibles. The plan includes a high deductible health insurance policy.

A trust created to pay the qualified medical expenses of the person for whom the trust was created. MSAs may be available to small business employees and self-employed persons who are insured under a high deductible health plan. Eligible employees and their employers contribute certain amounts to the MSA and receive favorable tax treatment. Account balances can be used to cover qualified medical expenses.

A fund into which individuals make tax-sheltered contributions to cover medical expenses that is used in connection with a high deductible health insurance policy to cover the expenses that fall within the policy deductible.

is a tax advantaged personal savings account intended to pay for a qualified medical services, including some not covered by most health plans. MSA deposits are tax-deductible and may be used tax-free to pay for many medical expenses, or saved on a tax-differed basis.

These health insurance plans provide incentives for individuals to replace high premium, low-deductible policies with affordable, high deductible catastrophic coverage. Premiums for this coverage are lower and the savings may be used to fund a tax-pre ferred medical savings account from which you can pay on a pre-tax basis for qualified medical care and expenses, including annual deductibles and copayments.

An arrangement through which an employer or an employee (but not both) can put tax-preferred contributions into an account for the payment of health care deductibles under a high deductible health insurance plan.

A tax-exempt trust or custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan.

An alternative to first-dollar coverage under a medical expense plan. An employee is given medical expense coverage that has a high deductible, and money is deposited into the medical spending account so that the employee can pay for expenses below the deductible amount. Any monies not used at the end of the year are paid to the employee.

Under this type of plan, beneficiaries would combine tax-free contributions from CMS to an interest-bearing savings account with a high deductible health policy. The policy would have to pay for at least all Medicare-covered items and services, after the beneficiary meets the annual deductible of up to $6,000. The money in the account could be used for medical expenses, even if those expenses would not have been covered by Medicare.

An account, often given tax-preferred status, in which individuals can accumulate contributions to pay for medical care or insurance. MSAs differ from Medical reimbursement accounts, sometimes called flexible benefits or Section 115 accounts, in that they need not be associated with an employer.

A high-deductible health insurance plan that allows insured employees to have a pre-determined amount deducted from their pay before taxes.

A high-deductible individual insurance plan funded by the employer or by pre-tax employee dollars (but not both in the same year) that can be used to pay for routine medical expenses and even pay premiums should the individual become unemployed.

A trust that employees of small businesses may establish to pay for out-of-pocket medical expenses.

An employer-sponsored account that allows employees to help supplement high deductible health insurance coverage.

A health savings account (HSA) is an account where tax-deferred deposits can be made for medical expenses. Withdrawals from the HSA are tax-free if used to pay for qualified medical expenses. Typically, a HSA is coupled with a high-deductible health plan (HDHP).